Naveen Jain Quotes
The most frequently asked question I hear first-time entrepreneurs ask is, 'How do I know when to launch my product?' The answer, more often than not, should be: 'Now!'
Jain, Naveen. "5 Important Lessons For First-Time Entrepreneurs." Forbes, 13 Mar. 2013.
This is a very important economic-political quotation. One conservative mantra in the 20th and 21st centuries was that business growth and development will be spurred by tax cuts in the marginal tax rate that the businessperson would have to pay. “Marginal” means the additional tax for each additional dollar of income. However, the development and growth of most businesses, especially the entrepreneurial ones that tend to create the most new high wage jobs. Bill Gates, Henry Ford, Steve Jobs, Thomas Watson Jr. and other creators of great business enterprises, in general do not even consider their potential profit as the most important reward. They are almost always on a mission to change the way people function in the world. They generally want to make money but the driving factor is really the change in society that they will produce. While Gates and other great business creators do not change their business behavior on the bases of marginal tax rates (or any other kind to tax rates for the matter), the 2nd and 3rd generation of business manager who takes over existing companies is motivated in great part by marginal tax rates. Summers and many others argue that not only are the best jobs created by those who are unmotivated by tax rates, but they are the same businesses that tend to produce most of the great innovations of society. Therefore, find other ways to incentivize the entrepreneurs rathefr than marginal tax rate policy.
Naveen K. Jain is a business executive, entrepreneur, and the founder and former CEO of InfoSpace. InfoSpace briefly became one of the largest internet companies in the American Northwest, before the crash of the dot-com bubble and a series of lawsuits involving Jain. In 2010 Jain co-founded Moon Express where he is the Executive Chairman, and in 2016 founded Viome, where he is the CEO.
